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Factom Protocol Information

The Factom protocol is an open source general purpose data protocol built by an international group of technology companies that extends the security of blockchain to any type of data. Just as TCP / IP enables the WWW, the Factom Protocol enables countless applications to be built on top of it.
Factom is built from scratch and has novel design implementations that set it apart from all other blockchain protocols. We are confident these features will help propel Factom to become the internet's data integrity layer. You are invited to delve into our ecosystem and we look forward to answering any questions you have.
Token and Tokenomics
While the Factom Protocol is a two token system, only the Factoid (FCT) is transferable and able to be traded on exchanges. Entry Credits (EC) are obtained by burning FCT and are used to enter data into the Factom Protocol. Entry Credits are $.001 each and that price is fixed. Therefore, if FCT is worth $1.00 and you burn it, you receive 1,000 EC. If FCT is worth $10.00 each and you burn one, you receive 10,000 EC. This brilliant two token system allows for:
  1. The value of FCT to theoretically increase the more the Factom Protocol is utilized.
  2. Companies and governments can effectively budget for entering data onto the Protocol based upon their estimated usage.
  3. Subscription systems can be setup with 3rd parties where companies and governments don't have to hold cryptocurrency if they don't want to or can't for compliance reasons. FCT are still burned for EC by the 3rd party company but the subscriber is charged a small markup for the service.
Governance
Community Discussion
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Top Exchanges (by volume)
Education
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Authority Node Operators
Authority Node Operators are the coalition of companies that decentralize the Factom Protocol. .
Committees and Working Groups
As the Factom Protocol is one of the most decentralized blockchain projects in existence with no central authority, committees and working groups have been formed to deal with specific tasks.
Past Newsletters
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Trading Cryptocurrency Markets

Hello! My name is Slava Mikhalkin, I am a Project Owner of Crowdsale platform at Platinum, the company that knows how to start any ICO or STO in 2019.
If you want to avoid headaches with launching process, we can help you with ICO and STO advertising and promotion. See the full list of our services: Platinum.fund
I am also happy to be a part of the UBAI, the first educational institution providing the most effective online education on blockchain! We can teach you how to do ICO/STO in 2019. Today I want to tell you how to sell and transfer cryptocurrencies.
Major Exchanges
In finance, an exchange is a forum or platform for trading commodities, derivatives, securities or other financial instruments. The principle concern of an exchange is to allow trading between parties to take place in a fair and legally compliant manner, as well as to ensure that pricing information for any instrument traded on the exchange is reliable and coherently delivered to exchange participants. In the cryptocurrency space exchanges are online platforms that allow users to trade cryptocurrencies or digital currencies for fiat money or other cryptocurrencies. They can be centralized exchanges such a Binance, or decentralized exchanges such as IDEX. Most cryptocurrency exchanges allow users to trade different crypto assets with BTC or ETH after having already exchanged fiat currency for one of those cryptocurrencies. Coinbase and Kraken are the main avenue for fiat money to enter into the cryptocurrency ecosystem.
Function and History
Crypto exchanges can be market-makers that take bid/ask spreads as a commission on the transaction for facilitating the trade, or more often charge a small percentage fee for operating the forum in which the trade was made. Most crypto exchanges operate outside of Western countries, enabling them to avoid stringent financial regulations and the potential for costly and lengthy legal proceedings. These entities will often maintain bank accounts in multiple jurisdictions, allowing the exchange to accept fiat currency and process transactions from customers all over the globe.
The concept of a digital asset exchange has been around since the late 2000s and the following initial attempts at running digital asset exchanges foreshadows the trouble involved in attempting to disrupt the operation of the fiat currency baking system. The trading of digital or electronic assets predate Bitcoin’s creation by several years, with the first electronic trading entities running afoul of the Australian Securities and Investments Commission (ASIC) in late 2004. Companies such as Goldex, SydneyGoldSales, and Ozzigold, shut down voluntarily after ASIC found that they were operating without an Australian Financial Services License. E-Gold, which exchanged fiat USD for grams of precious metals in digital form, was possibly the first digital currency exchange as we know it, allowing users to make instant transfers to the accounts of other E-Gold members. At its peak in 2006 E-Gold processed $2 billion worth of transactions and boasted a user base of over 5 million people.
Popular Exchanges
Here we will give a brief overview of the features and operational history of the more popular and higher volume exchanges because these are the platforms to which newer traders will be exposed. These exchanges are recommended to use because they are the industry standard and they inspire the most confidence.
Bitfinex
Owned and operated by iFinex Inc, the cryptocurrency trading platform Bitfinex was the largest Bitcoin exchange on the planet until late 2017. Headquartered in Hong Kong and based in the US Virgin Island, Bitfinex was one of the first exchanges to offer leveraged trading (“Margin trading allows a trader to open a position with leverage. For example — we opened a margin position with 2X leverage. Our base assets had increased by 10%. Our position yielded 20% because of the 2X leverage. Standard trades are traded with leverage of 1:1”) and also pioneered the use of the somewhat controversial, so-called “stable coin” Tether (USDT).
Binance
Binance is an international multi-language cryptocurrency exchange that rose from the mid-rank of cryptocurrency exchanges to become the market dominating behemoth we see today. At the height of the late 2017/early 2018 bull run, Binance was adding around 2 million new users per week! The exchange had to temporarily disallow new registrations because its servers simply could not keep up with that volume of business. After the temporary ban on new users was lifted the exchange added 240,000 new accounts within two hours.
Have you ever thought whats the role of the cypto exchanges? The answer is simple! There are several different types of exchanges that cater to different needs within the ecosystem, but their functions can be described by one or more of the following: To allow users to convert fiat currency into cryptocurrency. To trade BTC or ETH for alt coins. To facilitate the setting of prices for all crypto assets through an auction market mechanism. Simply put, you can either mine cryptocurrencies or purchase them, and seeing as the mining process requires the purchase of expensive mining equipment, Cryptocurrency exchanges can be loosely grouped into one of the 3 following exchange types, each with a slightly different role or combination of roles.
Have you ever thought about what are the types of Crypto exchanges?
  1. Traditional Cryptocurrency Exchange: These are the type that most closely mimic traditional stock exchanges where buyers and sellers trade at the current market price of whichever asset they want, with the exchange acting as the intermediary and charging a small fee for facilitating the trade. Kraken and GDAX are examples of this kind of cryptocurrency exchange. Fully peer-to-peer exchanges that operate without a middleman include EtherDelta, and IDEX, which are also examples of decentralized exchanges.
  2. Cryptocurrency Brokers: These are website or app based exchanges that act like a Travelex or other bureau-de-change. They allow customers to buy or sell crypto assets at a price set by the broker (usually market price plus a small premium). Coinbase is an example of this kind of exchange.
  3. Direct Trading Platform: These platforms offer direct peer-to-peer trading between buyers and sellers, but don’t use an exchange platform in doing so. These types of exchanges do not use a set market rate; rather, sellers set their own rates. This is a highly risky form of trading, from which new users should shy away.
To understand how an exchange functions we need only look as far as a traditional stock exchange. Most all the features of a cryptocurrency exchange are analogous to features of trading on a traditional stock exchange. In the simplest terms, the exchanges fulfil their role as the main marketplace for crypto assets of all kinds by catering to buyers or sellers. These are some definitions for the basic functions and features to know: Market Orders: Orders that are executed instantly at the current market price. Limit Order: This is an order that will only be executed if and when the price has risen to or dropped to that price specified by the trader and is also within the specified period of time. Transaction fees: Exchanges will charge transactions fees, usually levied on both the buyer and the seller, but sometimes only the seller is charged a fee. Fees vary on different exchanges though the norm is usually below 0.75%. Transfer charges: The exchange is in effect acting as a sort of escrow agent, to ensure there is no foul play, so it might also charge a small fee when you want to withdraw cryptocurrency to your own wallet.
Regulatory Environment and Evolution
Cryptocurrency has come a long way since the closing down of the Silk Road darknet market. The idea of crypto currency being primarily for criminals, has largely been seen as totally inaccurate and outdated. In this section we focus on the developing regulations surrounding the cryptocurrency asset class by region, and we also look at what the future may hold.
The United States of America
A coherent uniform approach at Federal or State level has yet to be implemented in the United States. The Financial Crimes Enforcement Network published guidelines as early as 2013 suggesting that BTC and other cryptos may fall under the label of “money transmitters” and thus would be required to take part in the same Anti-money Laundering (AML) and Know your Client (KYC) procedures as other money service businesses. At the state level, Texas applies its existing finance laws. And New York has instituted an entirely new licensing system.
The European Union
The EU’s approach to cryptocurrency has generally been far more accommodating overall than the United States, partly due to the adaptable nature of pre-existing laws governing electronic money that predated the creation of Bitcoin. As with the USA, the EU’s main fear is money laundering and criminality. The European Central Bank (ECB) categorized BTC as a “convertible decentralized currency” and advised all central banks in the EU to refrain from trading any cryptocurrencies until the proper regulatory framework was put in place. A task force was then set up by the European Parliament in order to prevent and investigate any potential money laundering that was making use of the new technology.
Likely future regulations for cryptocurrency traders within the European Union and North America will probably consist of the following proposals: The initiation of full KYC procedures so that users cannot remain fully anonymous, in order to prevent tax evasion and curtail money laundering. Caps on payments that can be made in cryptocurrency, similar to caps on traditional cash transactions. A set of rules governing tax obligations regarding cryptocurrencies Regulation by the ECB of any companies that offer exchanges between cryptocurrencies and fiat currencies It is less likely for other countries to follow the Chinese approach and completely ban certain aspects of cryptocurrency trading. It is widely considered more progressive and wiser to allow the technology to grow within a balanced accommodative regulatory framework that takes all interests and factors into consideration. It is probable that the most severe form of regulation will be the formation of new governmental bodies specifically to form laws and exercise regulatory control over the cryptocurrency space. But perhaps that is easier said than done. It may, in certain cases, be incredibly difficult to implement particular regulations due to the anonymous and decentralized nature of crypto.
Behavior of Cryptocurrency Investors by Demographic
Due to the fact that cryptocurrency has its roots firmly planted in the cryptography community, the vast majority of early adopters are representative of that group. In this section we cover the basic structure of the cryptocurrency market cycle and the makeup of the community at large, as well as the reasons behind different trading decisions.
The Cryptocurrency Market Cycle
Bitcoin leads the bull rally. FOMO (Fear of missing out) occurs, the price surge is a constant topic of mainstream news, business programs cover the story, and social media is abuzz with cryptocurrency chatter. Bitcoin reaches new All Timehigh (ATH) Market euphoria is fueled with even more hype and the cycle is in full force. There is a constant stream of news articles and commentary on the meteoric, seemingly unstoppable rise of Bitcoin. Bitcoin’s price “stabilizes”, In the 2017 bull run this was at or around $14,000. A number of solid, large market cap altcoins rise along with Bitcoin; ETH & LTC leading the altcoins at this time. FOMO comes into play, as the new ATH in market cap is reached by pumping of a huge number of alt coins.
Top altcoins “somewhat” stabilize, after reaching new all-time highs. The frenzy continues with crypto success stories, notable figures and famous people in the news. A majority of lesser known cryptocurrencies follow along on the upward momentum. Newcomers are drawn deeper into crypto and sign up for exchanges other than the main entry points like Coinbase and Kraken. In 2017 this saw Binance inundated with new registrations. Some of the cheapest coins are subject to massive pumping, such as Tron TRX which saw a rise in market cap from $150 million at the start of December 2017 to a peak of $16 billion! At this stage, even dead coins or known scams will get pumped. The price of the majority of cryptocurrencies stabilize, and some begin to retract. When the hype is subsiding after a huge crypto bull run, it is a massive sell signal. Traditional investors will begin to give interviews about how people need to be careful putting money into such a highly volatile asset class. Massive violent correction begins and the market starts to collapse. BTC begins to fall consistently on a daily basis, wiping out the insane gains of many medium to small cap cryptos with it. Panic selling sweeps through the market. Depression sets in, both in the markets, and in the minds of individual investors who failed to take profits, or heed the signs of imminent collapse. The price stagnation can last for months, or even years.
The Influence of Age upon Trading
Did you know? Cryptocurrencies have been called “stocks for millennials” According to a survey conducted by the Global Blockchain Business Council, only 5% of the American public own any bitcoin, but of those that do, an overwhelming majority of 71% are men, 58% of them are between the ages of 18 and 35, and over half of them are minorities. The same survey gauged public attitude toward the high risk/high return nature of cryptocurrency, in comparison to more secure guaranteed small percentage gains offered by government bonds or stocks, and found that 30% would rather invest $1,000 in crypto. Over 42% of millennials were aware of cryptocurrencies as opposed to only 15% of those ages 65 and over. In George M. Korniotis and Alok Kumar’s study into the effects of aging on portfolio management and the quality of decisions made by older investors, they found “that older and experienced investors are more likely to follow “rules of thumb” that reflect greater investment knowledge. However, older investors are less effective in applying their investment knowledge and exhibit worse investment skill, especially if they are less educated and earn lower income.”
Geographic Influence upon Trading
One of the main drivers of the apparent seasonal ebb and flow of cryptocurrency prices is the tax situation in the various territories that have the highest concentrations of cryptocurrency holders. Every year we see an overall market pull back beginning in mid to late January, with a recovery beginning usually after April. This is because “Tax Season” is roughly the same across Europe and the United States, with the deadline for Income tax returns being April 15th in the United States, and the tax year officially ending the UK on the 6th of April. All capital gains must be declared before the window closes or an American trader will face the powerful and long arm of the IRS with the consequent legal proceedings and possible jail time. Capital gains taxes around the world vary from jurisdiction to jurisdiction but there are often incentives for cryptocurrency holders to refrain from trading for over a year to qualify their profits as long term gain when they finally sell. In the US and Australia, for example, capital gains are reduced if you bought cryptocurrency for investment purposes and held it for over a year. In Germany if crypto assets are held for over a year then the gains derived from their sale are not taxed. Advantages like this apply to individual tax returns, on a case by case basis, and it is up to the investor to keep up to date with the tax codes of the territory in which they reside.
2013 Bull run vs 2017 Bull run price Analysis
In late 2016 cryptocurrency traders were faced with the task of distinguishing between the beginnings of a genuine bull run and what might colorfully be called a “dead cat bounce” (in traditional market terminology). Stagnation had gripped the market since the pull-back of early 2014. The meteoric rise of Bitcoin’s price in 2013 peaked with a price of $1,100 in November 2013, after a year of fantastic news on the adoption front with both Microsoft and PayPal offering BTC payment options. It is easy to look at a line going up on a chart and speak after the fact, but at the time, it is exceeding difficult to say whether the cat is actually climbing up the wall, or just bouncing off the ground. Here, we will discuss the factors that gave savvy investors clues as to why the 2017 bull run was going to outstrip the 2013 rally. Hopefully this will help give insight into how to differentiate between the signs of a small price increase and the start of a full scale bull run. Most importantly, Volume was far higher in 2017. As we can see in the graphic below, the 2017 volume far exceeds the volume of BTC trading during the 2013 price increase. The stranglehold MtGox held on trading made a huge bull run very difficult and unlikely.
Fraud & Immoral Activity in the Private Market
Ponzi Schemes Cryptocurrency Ponzi schemes will be covered in greater detail in Lesson 7, but we need to get a quick overview of the main features of Ponzi schemes and how to spot them at this point in our discussion. Here are some key indicators of a Ponzi scheme, both in cryptocurrencies and traditional investments: A guaranteed promise of high returns with little risk. Consistentflow of returns regardless of market conditions. Investments that have not been registered with the Securities and Exchange Commission (SEC). Investment strategies that are a secret, or described as too complex. Clients not allowed to view official paperwork for their investment. Clients have difficulties trying to get their money back. The initial members of the scheme, most likely unbeknownst to the later investors, are paid their “dividends” or “profits” with new investor cash. The most famous modern-day example of a Ponzi scheme in the traditional world, is Bernie Madoff’s $100 billion fraudulent enterprise, officially titled Bernard L. Madoff Investment Securities LLC. And in the crypto world, BitConnect is the most infamous case of an entirely fraudulent project which boasted a market cap of $2 billion at its peak.
What are the Exchange Hacks?
The history of cryptocurrency is littered with examples of hacked exchanges, some of them so severe that the operation had to be wound up forever. As we have already discussed, incredibly tech savvy and intelligent computer hackers led by Alexander Vinnik stole 850000 BTC from the MtGox exchange over a period from 2012–2014 resulting in the collapse of the exchange and a near-crippling hammer blow to the emerging asset class that is still being felt to this day. The BitGrail exchange suffered a similar style of attack in late 2017 and early 2018, in which Nano (XRB) was stolen that was at one point was worth almost $195 million. Even Bitfinex, one of the most famous and prestigious exchanges, has suffered a hack in 2016 where $72 million worth of BTC was stolen directly from customer accounts.
Hardware Wallet Scam Case Study
In late 2017, an unfortunate character on Reddit, going by the name of “moody rocket” relayed his story of an intricate scam in which his newly acquired hardware wallet was compromised, and his $34,000 life savings were stolen. He bought a second hand Nano ledger into which the scammers own recover seed had already been inserted. He began using the ledger without knowing that the default seed being used was not a randomly assigned seed. After a few weeks the scammer struck, and withdrew all the poor HODLer’s XRP, Dash and Litecoin into their own wallet (likely through a few intermediary wallets to lessen the very slim chances of being identified).
Hardware Wallet Scam Case Study Social Media Fraud
Many gullible and hapless twitter users have fallen victim to the recent phenomenon of scammers using a combination of convincing fake celebrity twitter profiles and numerous amounts of bots to swindle them of ETH or BTC. The scammers would set up a profile with a near identical handle to a famous figure in the tech sphere, such as Vitalik Buterin or Elon Musk. And then in the tweet, immediately following a genuine message, follow up with a variation of “Bonus give away for the next 100 lucky people, send me 0.1 ETH and I will send you 1 ETH back”, followed by the scammers ether wallet address. The next 20 or so responses will be so-called sockpuppet bots, thanking the fake account for their generosity. Thus, the pot is baited and the scammers can expect to receive potentially hundreds of donations of 0.1 Ether into their wallet. Many twitter users with a large follower base such as Vitalik Buterin have taken to adding “Not giving away ETH” to their username to save careless users from being scammed.
Market Manipulation
It also must be recognized that market manipulation is taking place in cryptocurrency. For those with the financial means i.e. whales, there are many ways in which to control the market in a totally immoral and underhanded way for your own profit. It is especially easy to manipulate cryptos that have a very low trading volume. The manipulator places large buy orders or sell walls to discourage price action in one way or the other. Insider trading is also a significant problem in cryptocurrency, as we saw with the example of blatant insider trading when Bitcoin Cash was listed on Coinbase.
Examples of ICO Fraudulent Company Behavior
In the past 2 years an astronomical amount of money has been lost in fraudulent Initial Coin Offerings. The utmost care and attention must be employed before you invest. We will cover this area in greater detail with a whole lesson devoted to the topic. However, at this point, it is useful to look at the main instances of ICO fraud. Among recent instances of fraudulent ICOs resulting in exit scams, 2 of the most infamous are the Benebit and PlexCoin ICOs which raised $4 million for the former and $15 million for the latter. Perhaps the most brazen and damaging ICO scam of all time was the Vietnamese Pincoin ICO operation, where $660million was raised from 32,000 investors before the scammer disappeared with the funds. In case of smaller ICO “exit scamming” there is usually zero chance of the scammers being found. Investors must just take the hit. We will cover these as well as others in Lesson 7 “Scam Projects”.
Signposts of Fraudulent Actors
The following factors are considered red flags when investigating a certain project or ICO, and all of them should be considered when deciding whether or not you want to invest. Whitepaper is a buzzword Salad: If the whitepaper is nothing more than a collection of buzzwords with little clarity of purpose and not much discussion of the tech involved, it is overwhelmingly likely you are reading a scam whitepaper.
Signposts of Fraudulent Actors §2
No Code Repository: With the vast majority of cryptocurrency projects employing open source code, your due diligence investigation should start at GitHub or Sourceforge. If the project has no entries, or nothing but cloned code, you should avoid it at all costs. Anonymous Team: If the team members are hard to find, or if you see they are exaggerating or lying about their experience, you should steer clear. And do not forget, in addition to taking proper precautions when investing in ICOs, you must always make sure that you are visiting authentic web pages, especially for web wallets. If, for example, you are on a spoof MyEtherWallet web page you could divulge your private key without realizing it and have your entire portfolio of Ether and ERC-20 tokens cleaned out.
Methods to Avoid falling Victim
Avoiding scammers and the traps they set for you is all about asking yourself the right questions, starting with: Is there a need for a Blockchain solution for the particular problem that a particular ICO is attempting to solve? The existing solution may be less costly, less time consuming, and more effective than the proposals of a team attempting to fill up their soft cap in an ICO. The following quote from Mihai Ivascu, the CEO of Modex, should be kept in mind every time you are grading an ICO’s chances of success: “I’m pretty sure that 95% of ICOswill not last, and many will go bankrupt. ….. not everything needs to be decentralized and put on an open source ledger.”
Methods to Avoid falling Victim §2 Do I Trust These People with My Money, or Not?
If you continue to feel uneasy about investing in the project, more due diligence is needed. The developers must be qualified and competent enough to complete the objectives that they have set out in the whitepaper.
Is this too good to be true?
All victims of the well-known social media scams using fake profiles of Vitalik Buterin, or Bitconnect investors for that matter, should have asked themselves this simple question, and their investment would have been saved. In the case of Bitconnect, huge guaranteed gains proportional to the amount of people you can get to sign up was a blatant pyramid scheme, obviously too good to be true. The same goes for Fake Vitalik’s offer of 1 ether in exchange for 0.1 ETH.
Selling Cryptocurrencies, Several reasons for selling with the appropriate actions to take:
If you are selling to buy into an ICO, or maybe believe Ether is a safer currency to hold for a certain period of time, it is likely you will want to make use of the Ether pair and receive Ether in return. Obviously if the ICO is on the NEO or WANchain blockchain for example, you will use the appropriate pair. -Trading to buy into another promising project that is listing on the exchange on which you are selling (or you think the exchange will experience a large amount of volume and become a larger exchange), you may want to trade your cryptocurrency for that exchange token. -If you believe that BTC stands a good chance of experiencing a bull run then using the BTC trading pair is the suitable choice. -If you believe that the market is about to experience a correction but you do not want to take your gains out of the market yet, selling for Tether or “tethering up” is the best play. This allows you to keep your locked-in profits on the exchange, unaffected by the price movements in the cryptocurrency markets,so that you can buy back in at the most profitable moment. -If you wish to “cash out” i.e. sell your cryptocurrency for fiat currency and have those funds in your bank account, the best pair to use is ETH or BTC because you will likely have to transfer to an exchange like Kraken or Coinbase to convert them into fiat. If the exchange offers Litecoin or Bitcoin Cash pairs it could be a good idea to use these for their fast transaction time and low fees.
Selling Cryptocurrencies
Knowing when and how to sell, as well as strategies to inflate the value of your trade before sale, are important skills as a trader of any product or financial instrument. If you are satisfied that the sale itself of the particular amount of a token or coin you are trading away is the right one, then you must decide at what price you are going to sell. Exchanges exercise their own discretion as to which trading “pairs” they will offer, but the most common ones are BTC, ETH, BNB for Binance, BIX for Bibox etc., and sometimes Tether (USDT) or NEO. As a trader, you decide which particular cryptocurrency to exchange depending on your reason for making that specific trade at that time.
Methods of Sale
Market sell/Limit sell on exchange: A limit sell is an order placed on an exchange to sell as soon as (also specifically only if and when) the price you specified has been hit within the time limit you select. A market order executes the sale immediately at the best possible price offered by the market at that exact time. OTC (or Over the Counter) selling refers to sale of securities or cryptocurrencies in any method without using an exchange to intermediate the trade and set the price. The most common way of conducting sales in this manner is through LocalBitcoins.com. This method of cryptocurrency selling is far riskier than using an exchange, for obvious reasons.
The influence and value of your Trade
There are a number of strategies you can use to appreciate the value of your trade and thus increase the Bitcoin or Ether value of your portfolio. It is important to disassociate yourself from the dollar value of your portfolio early on in your cryptocurrency trading career simply because the crypto market is so volatile you will end up pulling your hair out in frustration following the real dollar money value of your holdings. Once your funds have been converted into BTC and ETH they are completely in the crypto sphere. (Some crypto investors find it more appropriate to monitor the value of their portfolio in satoshi or gwei.) Certainly not limited to, but especially good for beginners, the most reliable way to increase your trading profits, and thus the overall value and health of your portfolio, is to buy into promising projects, hold them for 6 months to a year, and then reevaluate. This is called Long term holding and is the tactic that served Bitcoin HODLers quite well, from 2013 to the present day. Obviously, if something comes to light about the project that indicates a lengthy set back is likely, it is often better to cut your losses and sell. You are better off starting over and researching other projects. Also, you should set initial Price Points at which you first take out your original investment, and then later, at which you take out all your profits and exit the project. That should be after you believe the potential for growth has been exhausted for that particular project.
Another method of increasing the value of your trades is ICO flipping. This is the exact opposite of long term holding. This is a technique in which you aim for fast profits taking advantage of initial enthusiasm in the market that may double or triple the value of ICO projects when they first come to market. This method requires some experience using smaller exchanges like IDEX, on which project tokens can be bought and sold before listing on mainstream exchanges. “Tethering up” means to exchange tokens or coins for the USDT stable coin, the value of which is tethered to the US Dollar. If you learn, or know how to use, technical analysis, it is possible to predict when a market retreatment is likely by looking at the price movements of BTC. If you decide a market pull back is likely, you can tether up and maintain the dollar value of your portfolio in tether while other tokens and coins decrease in value. The you wait for an opportune moment to reenter the market.
Market Behavior in Different Time Periods
The main descriptors used for overall market sentiment are “Bull Market” and “Bear Market”. The former describes a market where people are buying on optimism. The latter describes a market where people are selling on pessimism. Fun (or maybe not) fact: The California grizzly bear was brought to extinction by the love of bear baiting as a sport in the mid 1800s. Bears were highly sought after for their intrinsic fighting qualities, and were forced into fighting bulls as Sunday morning entertainment for Californians. What has this got to do with trading and financial markets? The downward swipe of the bear’s paws gives a “Bear market” its name and the upward thrust of a Bull’s horns give the “Bull Market” its name. Most unfortunately for traders, the bear won over 80% of the bouts. During a Bull market, optimism can sometimes grow to be seemingly boundless, volume is rising, and prices are ascending. It can be a good idea to sell or rebalance your portfolio at such a time, especially if you have a particularly large position in one holding or another. This is especially applicable if you need to sell a large amount of a relatively low-volume holding, because you can then do so without dragging the price down by the large size of your own sell order.
Learn more on common behavioral patterns observed so far in the cryptocurrency space for different coins and ICO tokens.
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What Makes Particl Marketplace Better Than its Competition

What Makes Particl Marketplace Better Than its Competition
Every once in a while, this questions pops out:
What makes Particl stand out from its competition, and why is it better?
I thought I'd make a quick rundown on my opinion on the matter!

Private-by-Design? Built With Privacy in Mind from the Ground Up!

Unlike all of its competition, Particl is built from the ground up to be entirely private/anonymous, following the true crypto roots. To accomplish this difficult prowess, it uses several methods to keep its users within an optimal privacy environment, such as the RingCT and CT privacy protocols, metadata stripping, IP address anonymization through Tor (and many more protocols in the future, including Dandelion++), private escrow system with no intermediate, encrypted and private messaging (using SMSG and eventually more scalable and leading-edge DSNs such as Loopix, IPFS, and etc), and much more. With all the data leaks and hacks, privacy is becoming more and more mainstream (link to case for privacy).
Furthermore, we all see that the government and big companies have developed very effective blockchain tracking software that makes tracking public cryptocurrency transactions quite trivial. Indeed, it may be just as bad in terms of privacy to use a public blockchain than say, a bank or payment processor. This is why having a product built with privacy in mind right from the start (vs patching privacy into a non-private blockchain) is extremely important. Every day, the "if you have nothing to hide, you don't really need privacy" kind of thinking is becoming obsolete as people realize just how much privacy is important even for "good behaving" people. Plus, there is definitely some kind of people that do require a more private environment, which they’ll want to use a solution that’s been designed with this as a prime aspect.

But why does that even matter?

As broken down in an earlier article of mine, privacy is becoming a hot subject in the mainstream world. Gone are the days where privacy was associated to people who had “things to hide”.
In light of the recent and now too regular cyber attacks on tech giants like Equifax, Facebook, Deloitte, Yahoo, FedEx, Uber, Under Armour or even Pizza Hut, the poor communication and, even in some cases, cover-up of the unfortunate facts, the public confidence towards the tech industry has been severely eroded within the last couple of years. -The Case for Privacy in the Tech Industry
Breaches of personal data are becoming far too common, and a good solution to fight this issue is to stop sharing your data with big companies that do not respect your private life. However, opting for blockchains instead can be just as bad, if not worse, than relying on trusting a big corporation. Why you ask? Because blockchains are usually open for all to see by default. Indeed, transactions on public blockchains are getting easier to track by the day, and for vendors and buyers alike, this isn’t good. Buyers obviously don’t want everyone to know what they’re buying and just how many coins they hold, information that could be obtained simply by analyzing a decentralized marketplace based on a public blockchain. Vendors, on the other hand, do not want anyone to analyze their sales data, statistics, and revenues.
Particl is built as a private-by-default marketplace, meaning that users do not need to go through several steps to protect their personal data. Everything happens automatically, under the hood, and as smoothly as you would expect from a public blockchain.

Built as a 100% Decentralized & Trustless Solution

Another advantage is that the Particl Marketplace is designed as a 100% decentralized and trustless solution, which most of its competitors aren’t. Just as an example, Syscoin's Blockmarket interface is closed-source and moderated by Syscoin staff. Escrows on Syscoin are arbitrated, meaning there needs to be someone acting as escrow agent in case a deal turns sour. This can quickly lead to bias, collusion, or other similar types of issue born from the simple fact that a third-party basically has full power over the settlement of a dispute. Talking to various vendors, this quickly becomes an issue for vendors on eBay, for example, because eBay/Paypal will most of the time side with the buyer, even when it shouldn’t.
On Particl Marketplace, there is literally no counter-party at play. The escrow is based on smart-contract functionalities and uses the MAD game-theory to keep both parties honest, no moderator required to settle disputes. The marketplace itself will be entirely governed by the community, making sure no person or group of person is held liable for the content published on it or collude with either vendors or buyers. This is much closer, in my personal opinion, to the original, crypto-anarchist vision and reason of why Bitcoin was created in the first place.
Fun fact, did you know that Satoshi Nakamoto had started working on a 100% trustless and decentralized marketplace and that there was even some code about it in some Bitcoin's repository?

Much Better & Intuitive User Interface

Particl has a beautiful UI/UX that is built with accessibility and ease-of-use in mind. This top of the line wallet looks modern, slick, and is very easy to understand as well as being very smooth and responsive. The same can’t be said of most wallets in the crypto sphere, most of them being far too geeky or barebone to be used by mainstream, non-crypto users.
Additionally, Particl plans on developing a web & mobile interface at some point in the future, which they already have a good idea of how they would go about it. In order to break into the mainstream, the marketplace will need to be as easy to use as any other online eCommerce platform, therefore a web and mobile interface are absolutely required. While this isn’t currently part of the roadmap, it certainly is a milestone the team plans on tackling after the mainnet release of Particl Marketplace.
Particl Marketplace Alpha:
https://preview.redd.it/7rmg7ag8kvl11.png?width=2880&format=png&auto=webp&s=3aec9d487c8e154359b81f169cf2e4aa7e30e477

The Coin Actually Makes Sense to Hold

The Particl coin is one of many perks. While it currently still is at the mercy of speculators, it is designed to eventually decouple from the speculation and get its value organically through the demand the marketplace will generate for it.
It first serves as a privacy coin, with CT already on mainnet and RingCT on testnet (currently being academically reviewed by the NJIT Dept. of Technology). Particl is indeed the first coin ever to modify RingCT, the privacy protocol made popular by Monero, so that it could be implemented on top of the Bitcoin codebase (or any codebase other than Cryptonote, for that matter). This implementation will unlock RingCT’s potentialby making it possible to be used in smart-contracts and decentralized applications as well as over the Lightning Network (that of which Particl is working on), atomic swaps and advanced multi-signatures. We all know how Monero is a great privacy coin, and Particl is actually taking it a bit further by adding utility features to this great privacy protocol (RingCT) and supporting it with a truly decentralized infrastructure. Imagine if Monero, in all its greatness, could have its own marketplace that cannot be shut down or censored…That alone is a huge reason why Particl is a great coin to hold.
It can also be used as a nice passive income source . Indeed, you can cold stake your PART coin using PPoS (Particl Proof-of-Stake, which has cold staking and hardware cold staking (cold staking on Ledger Nano S) enabled) and make a minimum of 4% yearly interest (that decreases over time until it stabilizes at 2% in 2 years). On top of that, stakers will earn 100% of the listing fees, as well as transaction fees, and of course, all revenue derived from the other Particl dApps. One thing that is often overlooked is how Particl is a decentralized application platform, but doesn’t offer tokens. This ultimately means users looking to use Particl’s applications generate demand for the PART coin, even though the Particl platform is designed to accept almost any coin and (eventually) more traditional means of payments.
The Particl coin is also used as "gas" required to run Particl smart-contracts and is used as the de facto currency in the Particl Marketplace. In fact, Particl Marketplace does accept almost any coin , either through the use of atomic swaps (already on mainnet since 2017) or through third-party implementations (i.e. Changelly). The “catch” though is that the escrow needs to use PART to keep users private (because it requires RingCT and the escrow actually is a Particl smart-contract), so even when shopping on the marketplace using Bitcoin or your favorite coin, they end up being automatically transferred into Particl with no extra step required by the user. In other words, even using other coins to purchase items off the marketplace generates demand for the PART coin.
Finally, but not least, PART coins also grant users moderation powers over the Particl Marketplace as well as the ability to vote on any community proposal through the decentralized governance system. In fact, no central authority, company, or team has moderation powers over the marketplace. Particl instead delegates that power to the very community using the platform. This is a much more scalable (no need to hire staff), secure (no legal liability put on moderators), and fair (the very users of the marketplace are the one with the power to steer the ship) way to do it.

Particl is Much More Than a Decentralized Marketplace

In the end, Particl is actually much more than just a marketplace, it is a full-blown privacy-focused dApp platform. Indeed, the team has put in its roadmap the release of a developer SDK toolkit which will allow any developer out there to easily build their own application on Particl. Whether it be a social media/Twitter-like application, a decentralized gambling Dapp, or even the addition of a penny auction section to Particl Marketplace, the SDK will truly allow the network to grow into much more than just a decentralized marketplace.
The goal here is not to directly compete with other smart-contract platforms like Ethereum, it’s more about being a decentralized platform where dApps can all be interacted with directly from the wallet in order to create something akin to perhaps an operating system. Imagine the wallet (Particl Desktop) as an Android OS and each Particl dApps as Android applications. The Particl Desktop wallet is kind of like the wrapper which contains the dApps that make the Particl decentralized economy, and these applications are designed to fit right into it in a very intuitive and user-friendly fashion (in contrast to other Dapp platforms which are generally pretty barebone).
One of Particl's goal is to take crypto a step further by not only decentralizing currency, but also to decentralize the entire infrastructure surrounding said currency (and that, obviously, includes the eCommerce infrastructure on which the coin can be spent).

Top-Tier Development Team

The Particl development team is definitely a top-tier team. They are indeed ranked 6th in one of the most thorough code quality review ( https://medium.com/darpalrating/darpalrating-github-audit-for-200-blockchain-projects-march-2018-3c6b839abdaa ) that did review up to 200 coins (in comparison, Syscoin is currently ranked 36th, BitBay is 192nd, Safex is not even active enough to be ranked). The code quality review takes a lot of things into account, and disregards community and marketing, solely focusing on the code itself. This is something the Particl team is extremely proud of! Indeed, the Particl team was the first reach accomplish many achievements such as true cold staking, hardware cold staking (Ledger + cold staking), first blockchain to be natively implemented with Segwit, first to implement the RingCT and CT protocols on top of the Bitcoin codebase, and always the first to update it's codebase (currently on 0.16.0.2 with 0.17 ready on testnet) to the latest Bitcoin Core version (after Bitcoin itself, of course). They have had a lot of other accomplishments as well, though they were not the first to execute them. It is, overall, a very talented team that is not afraid to push the limit while never sacrificing privacy, security and decentralization.
To see the incredible development work made over time, watch the Github visualization videos included in this blog post: https://particl.news/particl-development-timeline-video-520d8f9c0513
Particl Project Development Timeline

Many Decentralized Marketplaces Could and Probably Will Co-Exist

As we are seeing with privacy coins right now, a lot of them are identical or almost identical, yet each of these coins has their own dedicated community. Same thing with eCommerce platforms. We have Amazon, Alibaba, eBay, Etsy, and etc…all co-existing and making profits within their own community or niche. I think we'll see the same happen with decentralized marketplaces. Wise vendors won't limit their business to one platform, as that would end up limiting their potential customer base. Instead, I see many decentralized marketplaces all co-existing and all sharing a share of the decentralized marketplace industry. This is not a winner take all kind of scenario, as long as a marketplace can offer good features, good UI/UX, low or no fees, and of course, products for sale AND customers, these platforms stand a chance to survive even though they are not alone in this space.
What I do find very interesting in Particl compared to other decentralized marketplaces is how its native coin is designed to be scarce and in high demand. As such, even a small volume of marketplace transactions could increase the value of Particl considerably. That is because:
  • Users will generate demand for the coin when making purchases (even if they use another coin)
  • More coins get locked up for a certain period of time in escrow. In reality, up to three times the value of an item can end up locked up in escrow as the buyer needs to pay for the item + make a security deposit while the vendor also has to put a security deposit. Escrow lockups can last from minutes, to hours to days and weeks, depending on the specific context and use-case.
  • A great portion of the coins are locked up in staking (can be transferred out at any time, but while they are staking they are effectively out of circulation) as the passive income gained from the process becomes very interesting when the marketplace gets transactions volume since stakers get 100% of the listings fees and other Dapp revenues. Currently, around 36.6% of the entire supply is out of circulation and being staked. Many in the community expects this amount to increase as the marketplace gets traction. Note that there is no minimum amount of PART required for staking, thus anyone can stake and receive rewards. That is even more true with the coming staking pool currently under development that will allow even the smallest of holders to stake their funds and receive smaller but more recurrent rewards.
  • Users are not forced to use PART, they can use their favorite cryptocurrency. Ultimately, non-PART transactions are still settled in PART in the background, generating demand for the coin. Particl indeed aims at attracting other communities to its platform and offer a use-case to any coin. It doesn’t mean its native coin PART cannot be positively impacted from this!
The four points above are why I believe that, even though many decentralized marketplaces will most probably end up all splitting shares of the same pie, even a low volume of transactions on Particl would probably end up naturally increase the price of the coin. No speculation needed when it takes off! This is one of the biggest reason I got into Particl instead of its competitors (their coins don’t have such good economics, not that I know of at least).

Third-Party Building on the Particl Protocol (Mubiz)

Another big thing about Particl too is that Mubiz, a decentralized marketplace aggregator and web gateway, is actually working on implementing the marketplace. What this means is that Mubiz will render the marketplace available on the web only a few days after its initial release and will offer its customers a whole array of services not readily available on Particl Desktop. These services include escrow management on behalf of the user (read…no need to deal with the escrow, all in the background and the user experience is no different than eBay), customer support & product returns, shipping management (vendors can ship their products to Mubiz), traditional means of payments (credit/banking cards, eventually Paypal and other fiat payment methods), reviews, SEO for listings, and etc.
Mubiz currently only operates with OpenBazaar, and Particl will be the second marketplace they’ll be hosting on their platform. They mentioned in an interview I conducted with Albin, Mubiz’s Founder, that they had identified issues with OpenBazaar (since it’s the first decentralized marketplace ever, it does have flaws that can be improved upon) that were not present or that were fixed with Particl, hence why they’ve decided to integrate the marketplace into its platform.
Mubiz is, in my opinion, going to provide a crucial set of services that will make Particl as easy to use as eBay or Amazon. The only difference? Vendors will be making more money (they will make 100% of the sales proceeds), in turn allowing them to lower their prices to score more sales and outplay their competitors. The end result is more profits for the vendor, more sales, and cheaper prices for the customer. Surely this should be an attractive solution for most?
What’s your biggest reason why you think Particl stands out from its competitor? I most probably forgot some stuff in there, so curious to see what you all think!
submitted by CryptoGuard to Particl [link] [comments]

What Makes Particl, a Relatively Unknown Project, Stand Out From its Competitors in the Decentralized Marketplace Sector?

What Makes Particl, a Relatively Unknown Project, Stand Out From its Competitors in the Decentralized Marketplace Sector?
Hey /talkcrypto! Just found your sub! I posted this on Particl's forum but thought I'd share a bit more :)
---
Every once in a while, this questions pops out:
What makes Particl stand out from its competition, and why is it better?
I thought I'd make a quick rundown on my opinion on the matter!

Private-by-Design? Built With Privacy in Mind from the Ground Up!

Unlike all of its competition, Particl is built from the ground up to be entirely private/anonymous, following the true crypto roots. To accomplish this difficult prowess, it uses several methods to keep its users within an optimal privacy environment, such as the RingCT and CT privacy protocols, metadata stripping, IP address anonymization through Tor (and many more protocols in the future, including Dandelion++), private escrow system with no intermediate, encrypted and private messaging (using SMSG and eventually more scalable and leading-edge DSNs such as Loopix, IPFS, and etc), and much more. With all the data leaks and hacks, privacy is becoming more and more mainstream (link to case for privacy).
Furthermore, we all see that the government and big companies have developed very effective blockchain tracking software that makes tracking public cryptocurrency transactions quite trivial. Indeed, it may be just as bad in terms of privacy to use a public blockchain than say, a bank or payment processor. This is why having a product built with privacy in mind right from the start (vs patching privacy into a non-private blockchain) is extremely important. Every day, the "if you have nothing to hide, you don't really need privacy" kind of thinking is becoming obsolete as people realize just how much privacy is important even for "good behaving" people. Plus, there is definitely some kind of people that do require a more private environment, which they’ll want to use a solution that’s been designed with this as a prime aspect.

But why does that even matter?

As broken down in an earlier article of mine, privacy is becoming a hot subject in the mainstream world. Gone are the days where privacy was associated to people who had “things to hide”.
In light of the recent and now too regular cyber attacks on tech giants like Equifax, Facebook, Deloitte, Yahoo, FedEx, Uber, Under Armour or even Pizza Hut, the poor communication and, even in some cases, cover-up of the unfortunate facts, the public confidence towards the tech industry has been severely eroded within the last couple of years.-The Case for Privacy in the Tech Industry
Breaches of personal data are becoming far too common, and a good solution to fight this issue is to stop sharing your data with big companies that do not respect your private life. However, opting for blockchains instead can be just as bad, if not worse, than relying on trusting a big corporation. Why you ask? Because blockchains are usually open for all to see by default. Indeed, transactions on public blockchains are getting easier to track by the day, and for vendors and buyers alike, this isn’t good. Buyers obviously don’t want everyone to know what they’re buying and just how many coins they hold, information that could be obtained simply by analyzing a decentralized marketplace based on a public blockchain. Vendors, on the other hand, do not want anyone to analyze their sales data, statistics, and revenues.
Particl is built as a private-by-default marketplace, meaning that users do not need to go through several steps to protect their personal data. Everything happens automatically, under the hood, and as smoothly as you would expect from a public blockchain.

Built as a 100% Decentralized & Trustless Solution

Another advantage is that the Particl Marketplace is designed as a 100% decentralized and trustless solution, which most of its competitors aren’t. Just as an example, Syscoin's Blockmarket interface is closed-source and moderated by Syscoin staff. Escrows on Syscoin are arbitrated, meaning there needs to be someone acting as escrow agent in case a deal turns sour. This can quickly lead to bias, collusion, or other similar types of issue born from the simple fact that a third-party basically has full power over the settlement of a dispute. Talking to various vendors, this quickly becomes an issue for vendors on eBay, for example, because eBay/Paypal will most of the time side with the buyer, even when it shouldn’t.
On Particl Marketplace, there is literally no counter-party at play. The escrow is based on smart-contract functionalities and uses the MAD game-theory to keep both parties honest, no moderator required to settle disputes. The marketplace itself will be entirely governed by the community, making sure no person or group of person is held liable for the content published on it or collude with either vendors or buyers. This is much closer, in my personal opinion, to the original, crypto-anarchist vision and reason of why Bitcoin was created in the first place.
Fun fact, did you know that Satoshi Nakamoto had started working on a 100% trustless and decentralized marketplace and that there was even some code about it in some Bitcoin's repository?

Much Better & Intuitive User Interface

Particl has a beautiful UI/UX that is built with accessibility and ease-of-use in mind. This top of the line wallet looks modern, slick, and is very easy to understand as well as being very smooth and responsive. The same can’t be said of most wallets in the crypto sphere, most of them being far too geeky or barebone to be used by mainstream, non-crypto users.
Additionally, Particl plans on developing a web & mobile interface at some point in the future, which they already have a good idea of how they would go about it. In order to break into the mainstream, the marketplace will need to be as easy to use as any other online eCommerce platform, therefore a web and mobile interface are absolutely required. While this isn’t currently part of the roadmap, it certainly is a milestone the team plans on tackling after the mainnet release of Particl Marketplace.
Particl Marketplace Alpha:

https://preview.redd.it/12asc65462m11.png?width=2880&format=png&auto=webp&s=b04d885f7cc5958a145e9b3e5ac4182324be533f

The Coin Actually Makes Sense to Hold

The Particl coin is one of many perks. While it currently still is at the mercy of speculators, it is designed to eventually decouple from the speculation and get its value organically through the demand the marketplace will generate for it.
It first serves as a privacy coin, with CT already on mainnet and RingCT on testnet (currently being academically reviewed by the NJIT Dept. of Technology). Particl is indeed the first coin ever to modify RingCT, the privacy protocol made popular by Monero, so that it could be implemented on top of the Bitcoin codebase (or any codebase other than Cryptonote, for that matter). This implementation will unlock RingCT’s potentialby making it possible to be used in smart-contracts and decentralized applications as well as over the Lightning Network (that of which Particl is working on), atomic swaps and advanced multi-signatures. We all know how Monero is a great privacy coin, and Particl is actually taking it a bit further by adding utility features to this great privacy protocol (RingCT) and supporting it with a truly decentralized infrastructure. Imagine if Monero, in all its greatness, could have its own marketplace that cannot be shut down or censored…That alone is a huge reason why Particl is a great coin to hold.
It can also be used as a nice passive income source . Indeed, you can cold stake your PART coin using PPoS (Particl Proof-of-Stake, which has cold staking and hardware cold staking (cold staking on Ledger Nano S) enabled) and make a minimum of 4% yearly interest (that decreases over time until it stabilizes at 2% in 2 years). On top of that, stakers will earn 100% of the listing fees, as well as transaction fees, and of course, all revenue derived from the other Particl dApps. One thing that is often overlooked is how Particl is a decentralized application platform, but doesn’t offer tokens. This ultimately means users looking to use Particl’s applications generate demand for the PART coin, even though the Particl platform is designed to accept almost any coin and (eventually) more traditional means of payments.
The Particl coin is also used as "gas" required to run Particl smart-contracts and is used as the de facto currency in the Particl Marketplace. In fact, Particl Marketplace does accept almost any coin , either through the use of atomic swaps (already on mainnet since 2017) or through third-party implementations (i.e. Changelly). The “catch” though is that the escrow needs to use PART to keep users private (because it requires RingCT and the escrow actually is a Particl smart-contract), so even when shopping on the marketplace using Bitcoin or your favorite coin, they end up being automatically transferred into Particl with no extra step required by the user. In other words, even using other coins to purchase items off the marketplace generates demand for the PART coin.
Finally, but not least, PART coins also grant users moderation powers over the Particl Marketplace as well as the ability to vote on any community proposal through the decentralized governance system. In fact, no central authority, company, or team has moderation powers over the marketplace. Particl instead delegates that power to the very community using the platform. This is a much more scalable (no need to hire staff), secure (no legal liability put on moderators), and fair (the very users of the marketplace are the one with the power to steer the ship) way to do it.

Particl is Much More Than a Decentralized Marketplace

In the end, Particl is actually much more than just a marketplace, it is a full-blown privacy-focused dApp platform. Indeed, the team has put in its roadmap the release of a developer SDK toolkit which will allow any developer out there to easily build their own application on Particl. Whether it be a social media/Twitter-like application, a decentralized gambling Dapp, or even the addition of a penny auction section to Particl Marketplace, the SDK will truly allow the network to grow into much more than just a decentralized marketplace.
The goal here is not to directly compete with other smart-contract platforms like Ethereum, it’s more about being a decentralized platform where dApps can all be interacted with directly from the wallet in order to create something akin to perhaps an operating system. Imagine the wallet (Particl Desktop) as an Android OS and each Particl dApps as Android applications. The Particl Desktop wallet is kind of like the wrapper which contains the dApps that make the Particl decentralized economy, and these applications are designed to fit right into it in a very intuitive and user-friendly fashion (in contrast to other Dapp platforms which are generally pretty barebone).
One of Particl's goal is to take crypto a step further by not only decentralizing currency, but also to decentralize the entire infrastructure surrounding said currency (and that, obviously, includes the eCommerce infrastructure on which the coin can be spent).

Top-Tier Development Team

The Particl development team is definitely a top-tier team. They are indeed ranked 6th in one of the most thorough code quality review ( https://medium.com/darpalrating/darpalrating-github-audit-for-200-blockchain-projects-march-2018-3c6b839abdaa ) that did review up to 200 coins (in comparison, Syscoin is currently ranked 36th, BitBay is 192nd, Safex is not even active enough to be ranked). The code quality review takes a lot of things into account, and disregards community and marketing, solely focusing on the code itself. This is something the Particl team is extremely proud of! Indeed, the Particl team was the first reach accomplish many achievements such as true cold staking, hardware cold staking (Ledger + cold staking), first blockchain to be natively implemented with Segwit, first to implement the RingCT and CT protocols on top of the Bitcoin codebase, and always the first to update it's codebase (currently on 0.16.0.2 with 0.17 ready on testnet) to the latest Bitcoin Core version (after Bitcoin itself, of course). They have had a lot of other accomplishments as well, though they were not the first to execute them. It is, overall, a very talented team that is not afraid to push the limit while never sacrificing privacy, security and decentralization.
To see the incredible development work made over time, watch the Github visualization videos included in this blog post: https://particl.news/particl-development-timeline-video-520d8f9c0513
Particl Project Development Timeline

Many Decentralized Marketplaces Could and Probably Will Co-Exist

As we are seeing with privacy coins right now, a lot of them are identical or almost identical, yet each of these coins has their own dedicated community. Same thing with eCommerce platforms. We have Amazon, Alibaba, eBay, Etsy, and etc…all co-existing and making profits within their own community or niche. I think we'll see the same happen with decentralized marketplaces. Wise vendors won't limit their business to one platform, as that would end up limiting their potential customer base. Instead, I see many decentralized marketplaces all co-existing and all sharing a share of the decentralized marketplace industry. This is not a winner take all kind of scenario, as long as a marketplace can offer good features, good UI/UX, low or no fees, and of course, products for sale AND customers, these platforms stand a chance to survive even though they are not alone in this space.
What I do find very interesting in Particl compared to other decentralized marketplaces is how its native coin is designed to be scarce and in high demand. As such, even a small volume of marketplace transactions could increase the value of Particl considerably. That is because:
  • Users will generate demand for the coin when making purchases (even if they use another coin)
  • More coins get locked up for a certain period of time in escrow. In reality, up to three times the value of an item can end up locked up in escrow as the buyer needs to pay for the item + make a security deposit while the vendor also has to put a security deposit. Escrow lockups can last from minutes, to hours to days and weeks, depending on the specific context and use-case.
  • A great portion of the coins are locked up in staking (can be transferred out at any time, but while they are staking they are effectively out of circulation) as the passive income gained from the process becomes very interesting when the marketplace gets transactions volume since stakers get 100% of the listings fees and other Dapp revenues. Currently, around 36.6% of the entire supply is out of circulation and being staked. Many in the community expects this amount to increase as the marketplace gets traction. Note that there is no minimum amount of PART required for staking, thus anyone can stake and receive rewards. That is even more true with the coming staking pool currently under development that will allow even the smallest of holders to stake their funds and receive smaller but more recurrent rewards.
  • Users are not forced to use PART, they can use their favorite cryptocurrency. Ultimately, non-PART transactions are still settled in PART in the background, generating demand for the coin. Particl indeed aims at attracting other communities to its platform and offer a use-case to any coin. It doesn’t mean its native coin PART cannot be positively impacted from this!
The four points above are why I believe that, even though many decentralized marketplaces will most probably end up all splitting shares of the same pie, even a low volume of transactions on Particl would probably end up naturally increase the price of the coin. No speculation needed when it takes off! This is one of the biggest reason I got into Particl instead of its competitors (their coins don’t have such good economics, not that I know of at least).

Third-Party Building on the Particl Protocol (Mubiz)

Another big thing about Particl too is that Mubiz, a decentralized marketplace aggregator and web gateway, is actually working on implementing the marketplace. What this means is that Mubiz will render the marketplace available on the web only a few days after its initial release and will offer its customers a whole array of services not readily available on Particl Desktop. These services include escrow management on behalf of the user (read…no need to deal with the escrow, all in the background and the user experience is no different than eBay), customer support & product returns, shipping management (vendors can ship their products to Mubiz), traditional means of payments (credit/banking cards, eventually Paypal and other fiat payment methods), reviews, SEO for listings, and etc.
Mubiz currently only operates with OpenBazaar, and Particl will be the second marketplace they’ll be hosting on their platform. They mentioned in an interview I conducted with Albin, Mubiz’s Founder, that they had identified issues with OpenBazaar (since it’s the first decentralized marketplace ever, it does have flaws that can be improved upon) that were not present or that were fixed with Particl, hence why they’ve decided to integrate the marketplace into its platform.
Mubiz is, in my opinion, going to provide a crucial set of services that will make Particl as easy to use as eBay or Amazon. The only difference? Vendors will be making more money (they will make 100% of the sales proceeds), in turn allowing them to lower their prices to score more sales and outplay their competitors. The end result is more profits for the vendor, more sales, and cheaper prices for the customer. Surely this should be an attractive solution for most?
What’s your biggest reason why you think Particl stands out from its competitor? I most probably forgot some stuff in there, so curious to see what you all think!
submitted by CryptoGuard to talkcrypto [link] [comments]

Litecoin Github FUD, $60M Exchange Hack Bitcoin Gource: RSK Kendryte K210 AI Acceleration Chip UART Demo Monero Development Based on GitHub Repo (2013-March2017) EEVblog #1062 - Trezor Model T Hardware Wallet Review

Ledger, manufacturer and developer of the world’s most secure hardware wallet, has showcased its first developer edition of the Ledger Blue, USB, Bluetooth and NFC supported bitcoin hardware wallet Bitcoin Core is programmed to decide which block chain contains valid transactions. The users of Bitcoin Core only accept transactions for that block chain, making it the Bitcoin block chain that everyone else wants to use. For the latest developments related to Bitcoin Core, be sure to visit the project’s official website. Analysis of Casper PoW Reward Reduction. EIP 1011 - Hybrid Casper FFG proposes further reducing PoW block reward from 3 ETH to 0.6 ETH. The EIP briefly mentions that this is "because the security of the chain is greatly shifted from PoW difficulty to PoS finality and because rewards are now issued to both validators and miners." This document is to serve as an addendum to that statement ... This paper presents a comparison of five general-use blockchain platforms. We first discuss how the blockchain is used in Bitcoin, before looking at how blockchain technology can be used in ... This user logged onto a bitcoin research Internet Relay Chat (IRC) channel and posted a link to a text article hosted on a ... implementation does include some interesting implementation choices that it has documented in depth on its growing Github repository's wiki. For example, Grin has implemented a method for a node to sync the blockchain very quickly by only downloading a partial history ...

[index] [8162] [14722] [19824] [39120] [32077] [9249] [11457] [46855] [43441] [7243]

Litecoin Github FUD, $60M Exchange Hack

The firm told him that his Amazon Key (a security credential used to log on to Amazon Web services) had been found on one of his Github repositories. bitcoin litecoin mining "bitcoin mining ... This demo shows a prototype bitcoin brain wallet generator. Generation is done entirely offline ensuring the brain wallet pass phrase and private key are kept safely away from the reach of malware. Code for Raspberry Pi and Arduino is in my Github repository. https://github.com/AIWintermuteAI/kendryte-standalone-demo https://www.linkedin.com/feed/update... Unboxing and review of the new Trezor Model T cryptocurrency bitcoin hardware wallet. And a comparison with the Ledger Nano S. Also a talk on Ethereum contracts, Myetherwaller and ICO's Crypto ... Playing With Gource and FFMPEG to visualize Monero Repo.

#